With coinpal being shut down has anyone noticed an increase in account suspensions of people who bought or sold bitcoins using the service ?

Would it not be easy for paypal to know who the customers are and then mass ban anyone who traded for bitcoins?

I highly doubt they would do that. They only want to stop bitcoin use, they don't want to cut their customer base. Paypal is always first to go, as in the poker world. They just don't want to be part of the bitcoin system legal or not.

This is indeed bad, coinpal was simple no thrills exchange cash for coins, plus paypal was a nice method to convert the coins into useable cash that could appear at the ATM. I'm not sure why they frooze his account really if he has cash to give away in exchange for btc isn't that his prerogative, no doubt it was the volumes both large and small that drew attention, perhaps this is a temporary thing time will tell.

This is indeed bad, coinpal was simple no thrills exchange cash for coins, plus paypal was a nice method to convert the coins into useable cash that could appear at the ATM. I'm not sure why they frooze his account really if he has cash to give away in exchange for btc isn't that his prerogative, no doubt it was the volumes both large and small that drew attention, perhaps this is a temporary thing time will tell.

Competition. Paypal got wise and realized they were helping a competitor bootstrap itself into existence.

This is indeed bad, coinpal was simple no thrills exchange cash for coins, plus paypal was a nice method to convert the coins into useable cash that could appear at the ATM. I'm not sure why they frooze his account really if he has cash to give away in exchange for btc isn't that his prerogative, no doubt it was the volumes both large and small that drew attention, perhaps this is a temporary thing time will tell.

Competition. Paypal got wise and realized they were helping a competitor bootstrap itself into existence.

It's more likely they would have trouble with regulations than they are scared.

I think we should start a book on the date for when PayPal officially folds, Chap. 7 or 11. ... they have made so many backward looking moves for a supposed "tech. company" I just can't see them being around that long, at least in the money business. Maybe they are already technically insolvent and that is why they are so govt, risk averse? Doesn't speak of a strong corporation.

I think we should start a book on the date for when PayPal officially folds, Chap. 7 or 11. ... they have made so many backward looking moves for a supposed "tech. company" I just can't see them being around that long, at least in the money business. Maybe they are already technically insolvent and that is why they are so govt, risk averse? Doesn't speak of a strong corporation.

Paypal is owned by Ebay. I don't see that falling any time soon. Sure, you used to be able to pay for auctions in other ways, but since the acquisition, Ebay has made non-paypal payment methods increasingly difficult. Of course, putting up arbitrary walls to foster your own interests is the best way to make room for competition. I guess it could happen if they get too paranoid.

As we slide down the banister of life, this is just another splinter in our ass.

I think we should start a book on the date for when PayPal officially folds, Chap. 7 or 11. ... they have made so many backward looking moves for a supposed "tech. company" I just can't see them being around that long, at least in the money business. Maybe they are already technically insolvent and that is why they are so govt, risk averse? Doesn't speak of a strong corporation.

Do it. But I would bet they would live a long time as much as I dislike them. Even if Dwolla, facebook money and Bitcoin start to make inroads it will take years to unseat PreyPal. As long as eBay and PrayPal are linked block out others in the auction space one near monopoly supports another.

I was a user of coincard for a short time (before it got closed) and my account remains unaffected, oddly.

Maybe they can use the customers of coincard to track other suppliers for bitcoin to paypal services, since coincard customers will probably look for another way to get paypal for bitcoins in the near future, therefore exposing the next supplier.

Just my thought, although they have not done this yet but maybe they are waiting for the right time. Who knows lol.